This is clear from Financial report From Remedy Entertainment. “We did not have ownership income from Alan Wake Remastered during the first quarter because Epic Games Publishing has not yet recovered our game development and marketing costs,” the note states.
The biggest source of revenue in games last quarter was the sale of Control. Remedy says sales are weakening year-over-year, which is fully in line with expectations.
Game development costs are rising, Remedy says Alan Wake 2’s costs have grown and has also invested in Vanguard, the free project the developer is working on with Tencent. Remedy said Vanguard was making “good progress” and was in the “proof of concept” stage. Both projects had a “tangible impact on sales” in the last quarter of 2021.
The report says Condor, which is the code name for a sub-controller, is at the same stage as Vanguard. At the same time, work is underway on a “larger control game” still called Heron. Remedy says it is working with the tech team at Northlight on technologies that will be used in future Remedy games.
Another version of Alan Wake Remastered is planned. The game should be released for the Nintendo Switch this fall. Alan Wake 2 is scheduled to be released sometime in 2023.
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